Once regulatory approvals are in place, field development will begin with production expected to start in 2027.

The oil price is currently defenseless. Seasonal demand in the northern hemisphere summer may obscure the impact for a bit, ...

The vessel, developed in Norway by Höegh Evi, Aker BP and Moss Maritime, will transport CO2 from European industrial emitters to offshore sequestration sites EXL 005 Poseidon ...

The project is expected to achieve plateau production of about 10,000 boe/d in 2026. The oil property is medium crude.

Global updates on exploration, production starts, field development, rig activity, and key technology developments. Coverage includes US and international conventional and unconventional plays, wells, ...

Crude prices broke out of the 4-week period of consolidation to the upside this week and breached a key technical level as well. Upward momentum came in the form of perceived ...

The agreement, which builds on a memorandum of understanding signed in April, is a step toward a final investment decision that could be finalized by yearend, said YPF CEO ...

The Kavango West 1X well, the second test in the Damara Fold Belt play, will be drilled to a planned total depth of about 3,800 m targeting the thick Otavi carbonate ...

The forecast shows oil production in the US Gulf to average 1.80 million b/d in 2025 and 1.81 million b/d in 2026. Natural ...

The approved plan totals $57.74 million over the first 3 years, including $13.96 million in surface infrastructure and $43.78 million for drilling and development operations.

Alex Procyk is Upstream Editor at Oil & Gas Journal. He has also served as a principal technical professional at Halliburton and as a completion engineer at ConocoPhillips. He holds a BS in ...